RESTATEMENT (Tables)

9 Months Ended

Dec. 31, 2020

Accounting Changes and Error Corrections [Abstract]

SCHEDULE OF ERROR CORRECTIONS AND PRIOR PERIOD ADJUSTMENTS

The following are previously recorded and restated balances as of December 31, 2019

GPODS, INC.

RESTATED CONDENSED BALANCE SHEET

AS OF DECEMBER 31, 2019

	(As Previously Reported)			(Restatement Adjustment)			(As Restated)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	93,500		$	-		$	93,500
Prepaid expense		13,894			-			13,894
Total Current Assets		107,394			-			107,394
Intangible asset, net		-			-			-
Proto-Pod capitalized costs, net		118,088			-			118,088
Internal use software, net		34,800			-			34,800
Total Other Assets		152,888			-			152,888
TOTAL ASSETS	$	260,282		$	-		$	260,282
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
CURRENT LIABILITIES:
Accounts payable and accrued expense	$	549,074		$	(392,600	)	$	156,474
Accrued expense		171,600			(171,600	)		-
Related party accounts payable		-			394,200			394,200
Related party accrued compensation expense		-			176,500			176,500
Related party loans and notes payable		50,694			-			50,694
Notes payable		100,000			-			100,000
TOTAL LIABILITIES		871,368			6,500			877,868
STOCKHOLDERS’ EQUITY (DEFICIT):
Common stock, $0.001 par value; 90,000,000 shares authorized; 17,500,000 issued and outstanding at December 31, 2019		17,500			-			17,500
Preferred stock, $0.001 par value; 10,000,000 shares authorized; none issued and outstanding		-			-			-
Additional paid in capital		36,241			-			36,241
Accumulated deficit		(664,827	)		(6,500	)		(671,327	)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)		(567,961	)		(6,500	)		(617,586	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	260,282		$	-		$	260,282

SEE NOTES TO FINANCIAL STATEMENTS

GPODS, INC.

CONDENSED STATEMENT OF OPERATIONS

FOR THE THREE-MONTH AND NINE-MONTH PERIODS ENDED DECEMBER 31, 2019

	(As Previously Reported)			(Restatement Adjustment)			(As Restated)
For the three months ended December 31, 2019
Expenses:
Officer compensation and wage expense – related party	$	15,000		$	-		$	15,000
Consulting expense		14,750			-			14,750
Prototype costs and consulting expense – related party		-			-			-
Software development expense – related party		10,000			-			10,000
Amortization and depreciation expense		-			-			-
Administrative expense and other		3,375			-			3,375
Total expenses		43,125			-			43,125
Loss before income tax		(43,125	)		-			(43,125	)
Provision for income tax		-			-			-
Net loss	$	(43,125	)	$	-		$	(43,125	)
Basic and diluted loss per share	$	(0.00	)	$	(0.00	)	$	(0.00	)
Weighted average common shares outstanding - basic and diluted		17,500,000			17,500,000			17,500,000

	(As Previously Reported)			(Restatement Adjustment)			(As Restated)
For the nine months ended December 31, 2019
Officer compensation and wage expense – related party	$	45,000		$	-		$	45,000
Consulting expense		52,000			-			52,000
Prototype costs and consulting expense – related party		-			-			-
Software development expense – related party		34,800			-			34,800
Amortization and depreciation expense		330			-			330
Administrative expense and other		13,599			-			13,599
Total expenses		145,729			-			145,729
Loss before income tax		(145,729	)		-			(145,729	)
Provision for income tax		800			-			800
Net loss	$	(146,529	)	$	-		$	(146,529	)
Basic and diluted loss per share	$	(0.01	)	$	(0.00	)	$	(0.01	)
Weighted average common shares outstanding - basic and diluted		17,500,000			17,500,000			17,500,000

SEE NOTES TO FINANCIAL STATEMENTS

GPODS, INC.

CONDENSED STATEMENT OF CASH FLOWS

FOR THE THREE-MONTH PERIOD ENDED DECEMBER 31, 2019

	(As Previously Reported)			(Restatement Adjustment)			(As Restated)
CASH FLOW FROM OPERATING ACTIVITIES:
Net loss	$	(146,529	)	$	-		$	(146,529	)
Amortization		330			-			330
Adjustments to reconcile net loss to cash (used in) operating activities:
Change in prepaid expense		1,097			-			1,097
Change in deferred offering costs		-			-			-
Change in accounts payable and accrued expense - other		86,800			(34,000	)		52,800
Change in accrued expense		45,800			(45,800	)		-
Change in accounts payable – related party		-			34,800			34,800
Change in accrued expense – related party		-			45,000			45,000
Net Cash (Used in) Operating Activities		(12,502	)		-			(12,502	)
CASH FLOW FROM INVESTING ACTIVITIES
Capitalized internal use software – related party		-			-			-
Capitalized proto-pod costs – related party		(16,649	)		-			(16,649	)
Net Cash (Used in) Investing Activities		(16,649	)		-			(16,649	)
CASH FLOW FROM FINANCING ACTIVITIES:
Loan proceeds		50,000			-			50,000
Loan payments		(9,000	)		-			(9,000	)
Loan payments – related party		-			-			-
Loan proceeds – related party		16,655			-			16,655
Net Cash Provided by Financing Activities		57,655			-			57,655
CHANGE IN CASH		28,504			-			28,504
CASH AT BEGINNING OF PERIOD		64,996			-			64,996
CASH AT END OF PERIOD	$	93,500		$	-		$	93,500
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for:
Interest	$	-		$	-		$	-
Income taxes	$	-		$	-		$	-
Non-cash investing and financing activities:
Capitalized services - Proto-pod costs – related party	$	67,400		$	-		$	67,400
Capitalized services - Internal use software – related party	$	34,800		$	-		$	34,800